house rent rebate
This query is : Resolved
27 October 2009
I am salaried and my basic pay is Rs. 31790/-. I am getting HRA and living in rented house. how can I get rebate in income tax.
Sandeep Goyal
(Expert)
27 October 2009
Least of the following will be allowed as HRA deduction:
(i) Actual HRA received
(ii) 40%(non metro) or 50%(metro)of Basic Pay
(iii) Rent paid - 10% of basic.
(i) Actual HRA received
(ii) 40%(non metro) or 50%(metro)of Basic Pay
(iii) Rent paid - 10% of basic.
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